Eft (EFTB) 10-Q 14 Nov 13 2013 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Sep. 30, 2013	Nov. 14, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'EFT Holdings, Inc.	'
Entity Central Index Key	'0001450973	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'EFTB	'
Entity Common Stock, Shares Outstanding	'	75,983,201
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2013	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Mar. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$2,204,803	$1,732,270
Securities available for sale	5,394,553	8,320,698
Inventories	1,544,009	2,029,017
Accounts receivable, net	79,250	0
Prepaid expenses	259,704	568,612
Other receivables	494,006	590,421
Total current assets	9,976,325	13,241,018
Restricted cash	201,448	209,284
Property and equipment, net	2,310,744	2,616,217
Prepayment on developments in progress	9,078,230	8,987,023
Security deposit	439,596	436,682
Total assets	22,006,343	25,490,224
LIABILITIES AND EQUITY	'	'
Accounts payable	811,047	907,966
Commission payable	4,023,365	4,155,155
Other liabilities	1,327,603	1,340,322
Unearned revenues	3,365,186	3,490,976
Short-term loan	0	319,966
Due to related parties	46,388	48,193
Contingent liabilities	2,597,403	2,631,579
Total current liabilities	12,170,992	12,894,157
Equity	'	'
Preferred stock, $0.001 par value, 25,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.00001 par value, 4,975,000,000 shares authorized, 75,983,201 shares issued and outstanding at September 30 and March 31, 2013	760	760
Additional paid in capital	52,854,891	52,854,891
Retained deficits	-37,494,680	-34,936,854
Accumulated other comprehensive income	902,694	1,107,442
Total EFT Holdings, Inc. stockholders' equity	16,263,665	19,026,239
Non-controlling interest	-6,428,314	-6,430,172
Total equity	9,835,351	12,596,067
Total liabilities and equity	$22,006,343	$25,490,224

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	4,975,000,000	4,975,000,000
Common stock, shares issued	75,983,201	75,983,201
Common stock, shares outstanding	75,983,201	75,983,201

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Sales revenues, net	$511,389	$488,824	$932,229	$1,090,910
Shipping charges	136,295	108,891	221,477	226,508
Access fees/(refund)	0	-16,960	0	91,310
Total revenues	647,684	580,755	1,153,706	1,408,728
Cost of goods sold	173,836	127,184	364,689	263,120
Shipping costs	18,475	0	28,879	418
Operating costs - Excalibur	117,848	248,516	235,096	503,078
Total cost of revenues	310,159	375,700	628,664	766,616
Gross profit	337,525	205,055	525,042	642,112
Operating expenses:	'	'	'	'
Selling, general and administrative expenses	1,842,008	1,398,389	3,336,479	2,845,317
Inventory obsolescence	-44,158	23,392	105,207	707,079
Royalty expenses - Related party	37,339	56,104	80,404	115,156
Total operating expenses	1,835,189	1,477,885	3,522,090	3,667,552
Net operating income/(loss)	-1,497,664	-1,272,830	-2,997,048	-3,025,440
Other income/(expense)	'	'	'	'
Interest income	72,441	208,782	158,920	302,021
Interest expense	-790	-59,774	-3,949	-96,347
Gain/(loss) on disposal of fixed assets	6	20	-865	-12,636
Gain on disposal of securities available for sale (includes $73,434 and $(99,923) accumulated other comprehensive income (loss) reclassified from unrealized gains on securities available for sale for the six months ended September 30, 2013 and 2012, respectively)	1,224	71,341	50,617	70,722
Dividend income	0	11,195	0	25,654
Foreign exchange gain	343	584,230	46,661	509,400
Other income/(loss)	-147	733	79,330	2,361
Total other income/(expense)	73,077	816,527	330,714	801,175
Net income/(loss) before income taxes and non-controlling interest	-1,424,587	-456,303	-2,666,334	-2,224,265
Income tax benefit/(provision)	8,733	-13,138	8,733	-13,138
Net income/(loss)	-1,415,854	-469,441	-2,657,601	-2,237,403
Non-controlling interest	79,459	118,848	99,775	222,812
Net income/(loss) attributable to EFT Holdings, Inc.	($1,336,395)	($350,593)	($2,557,826)	($2,014,591)
Net income/(loss) per common share	'	'	'	'
Basic and diluted (in dollars per share)	($0.02)	$0	($0.03)	($0.03)
Weighted average common shares outstanding	'	'	'	'
Basic and diluted (in shares)	75,983,201	75,983,201	75,983,201	75,983,201

Consolidated_Statements_of_Inc1

Consolidated Statements of Income (Parenthetical) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	$73,434	$99,923

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net loss	($1,415,854)	($469,441)	($2,657,601)	($2,237,403)
Other comprehensive income/(loss)	'	'	'	'
Foreign currency translation adjustment	152,149	-726,971	49,536	-455,411
Unrealized gain/(loss) on securities available for sale	40,973	311,620	-152,651	251,688
Comprehensive loss	-1,222,732	-884,792	-2,760,716	-2,441,126
Less: Comprehensive income/(loss) attributable to non-controlling interests	-67,582	-242,094	1,858	-466,009
Comprehensive loss attributable to EFT Holdings, Inc.	($1,155,150)	($642,698)	($2,762,574)	($1,975,117)

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
BALANCE at Mar. 31, 2012	$34,347,680	$760	$52,854,891	($15,771,169)	$708,431	($3,445,233)
BALANCE (in shares) at Mar. 31, 2012	'	75,983,201	'	'	'	'
Comprehensive income:	'	'	'	'	'	'
Net loss	-22,519,529	0	0	-19,165,685	0	-3,353,844
Unrealized gain (loss) on securities available for sale	-70,605	0	0	0	-70,605	0
Foreign currency translation adjustment	838,521	0	0	0	469,616	368,905
Total comprehensive loss	-21,751,613	'	'	'	'	'
BALANCE at Mar. 31, 2013	12,596,067	760	52,854,891	-34,936,854	1,107,442	-6,430,172
BALANCE (in shares) at Mar. 31, 2013	'	75,983,201	'	'	'	'
Comprehensive income:	'	'	'	'	'	'
Net loss	-2,657,601	0	0	-2,557,826	0	-99,775
Unrealized gain (loss) on securities available for sale	-152,651	0	0	0	-152,651	0
Foreign currency translation adjustment	49,536	0	0	0	-52,097	101,633
Total comprehensive loss	-2,760,716	'	'	'	'	'
BALANCE at Sep. 30, 2013	$9,835,351	$760	$52,854,891	($37,494,680)	$902,694	($6,428,314)
BALANCE (in shares) at Sep. 30, 2013	'	75,983,201	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net loss	($2,657,601)	($2,237,403)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	284,180	563,015
Gain from securities available for sale	-50,617	-70,722
Stock dividends	0	-6,098
Provision for inventory obsolescence	105,207	707,079
Loss on disposal of fixed assets	865	12,636
Changes in operating assets and liabilities:	'	'
Accounts receivable	-79,250	0
Inventories	380,463	252,730
Prepaid expenses	307,190	96,997
Other receivables	95,828	-117,770
Accounts payable	-30,571	52,509
Commission payable	-131,791	-203,908
Other liabilities	-77,494	-98,975
Unearned revenues	-125,790	-9,450
Net cash used in operating activities	-1,979,381	-1,059,360
Cash flows from investing activities:	'	'
Additions to fixed assets	-6,624	-57,954
Proceeds from disposal of fixed assets	72	0
Purchase of securities available for sale	-1,107,577	-17,285,165
Proceeds from available for sales securities	3,931,688	10,120,125
Net cash provided by/(used in) investing activities	2,817,559	-7,222,994
Cash flows from financing activities	'	'
Repayment of installment plan	-319,966	0
Proceeds from short-term loans	0	7,937,289
Net cash provided by/(used in) financing activities	-319,966	7,937,289
Effect of exchange rate changes on cash	-45,679	-490,641
Net increase in cash	472,533	-835,706
Cash, beginning of period	1,732,270	4,346,517
Cash, end of period	2,204,803	3,510,811
Supplemental disclosures of cash flow information:	'	'
Interest expenses paid in cash	3,949	3,294
Income tax paid in cash	$57	$12,109

ORGANIZATION

ORGANIZATION	6 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note 1 - ORGANIZATION
	EFT Holdings, Inc., “EFT Holdings” or the “Company,” formerly EFT Biotech Holdings, Inc., was incorporated in the State of Nevada on March 19, 1992.
	On November 18, 2007, the Company issued 53,300,000 shares of its common stock in connection with a share exchange with the stockholders of EFT BioTech, Inc., “EFT BioTech,” a Nevada Corporation formed on September 18, 2007, the “Transaction,” pursuant to which EFT BioTech became a wholly-owned subsidiary of the Company. The 53,300,000 common shares issued included 52,099,000 to pre-capitalization shareholders and 1,201,000 to four directors and officers of EFT BioTech, and represented approximately 87.34% of the Company’s common stock outstanding after the Transaction. Consequently, the stockholders of EFT BioTech owned a majority of the Company's common stock immediately following the Transaction. As EFT Holdings was a non-operating public shell corporation that acquired an operating company, this Transaction was treated as a capital transaction where the acquiring corporation issued stock for the net monetary assets of the shell corporation, accompanied by a recapitalization. The accounting is similar in form to a reverse acquisition, except that goodwill or other intangibles are not recorded. All references to EFT BioTech common stock have been restated to reflect the equivalent numbers of EFT Holdings common shares.
	The Company’s business is classified by management into three reportable segments: online, transportation and beverage. These reportable segments are three distinct businesses, each with a different customer base, marketing strategy and management structure. Substantially all of the Company’s revenue is generated from Mainland China.
	The online business reportable segment is an aggregation of the Company’s online operating segments, which are organized to sell the Company’s products to “Affiliates” through its website. To become an Affiliate, a customer must be recommended by another Affiliate, make a minimum purchase of $600, and pay $60 for shipping and handling fees. The Company, through its subsidiaries, uses the internet as its ‘storefront’ and business platform to sell and distribute American brand products consisting of 27 different nutritional products, some of which are oral sprays, 21 different personal care products, an environmentally protective automotive product, an environmentally friendly house cleaner and a flip top portable drinking container. The Company also assigned network access rights to third-party companies, which, in return, compensate EFT by paying access fees in an amount equal to 10% of the respective enrollment fee of every Affiliate who enters the e-phone and traveler program. For Affiliates that enter the $800 and $8,000 travel programs, an access fee in the amount of $30 and $300, respectively, will be paid.
	In February 2010, the Company assigned the worldwide distribution and servicing rights to a product known as the “EFT-Phone” to Digital Development Partners, “Digital,” a previously unrelated company, in exchange for 79,265,000 shares of Digital’s common stock. The shares acquired represent approximately 92% of Digital’s outstanding common stock.
	The transportation business reportable segment derives revenue from transporting passengers and cargo between Taiwan and Mainland China through the Taiwan Strait. On July 25, 2008, the Company loaned $1,567,000 to Yeuh-Chi Liu, a vendor to the Company. The proceeds of the loan were used by Yeuh-Chi Liu to acquire a 3.97% interest in Excalibur International Marine Corporation, “Excalibur,” which was offered as collateral for the loan. The Company does not expect that this loan will be repaid and the loan was written off as of December 31, 2010. The Company has not yet enforced its interest in the collateral. Yeuh-Chi Liu has served as a member of the board of directors of Excalibur since July 23, 2008. On October 25, 2008, EFT Investment Co. Ltd., “EFT Investment,” a subsidiary of the Company, acquired 48.81% of Excalibur’s capital stock. Due to this combined ownership and the substantial financial support EFT Investment has provided to Excalibur to fund its operations and other factors, EFT Investment is deemed to have a controlling interest in Excalibur as defined by Accounting Standards Codification, “ASC,” Topic 810, Consolidation, which required the Company to consolidate the financial statements of Excalibur.
	Historically, Taiwan Vessel Law set forth certain Taiwan shareholding requirements for companies owning ships registered in Taiwan. For example, a limited liability company owning a ship registered in Taiwan, not operating international liners, like Excalibur, was required to have at least 2/3 of its capital stock owned by Taiwanese citizens. However, violation of this requirement did not subject the Company to fines and/or other penalties. The Vessel Law was amended in December 2010, and, after the amendment, no more than 50% of the capital stock of limited liability companies owning ships registered in Taiwan, like Excalibur, can be owned by non-Taiwanese citizens. Therefore, the Company’s ownership in Excalibur is no longer required to be reduced to 33% and the Company’s ownership of 48.81% of the capital stock of Excalibur is in compliance with applicable law in Taiwan.
	The beverage reportable segment derives revenue and expense from the bottled water factory in Baiquan, Heilongjiang Province, China. This bottled water factory started production in April 2013.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The significant accounting policies used in preparation of these consolidated financial statements for the six months ended September 30, 2013 are consistent with those discussed in Note 2 to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended March 31, 2013. The Company consolidates Excalibur based on a three-month lag with the Company’s reporting periods as discussed in Note 10.
	Reclassification
	Certain amounts have been reclassified to conform with the current period presentation. The amounts reclassified did not have an effect on the Company’s results of operations or stockholders’ equity.
	Recent accounting pronouncements
	There are no accounting standards that have been issued but not yet adopted that we believe will have a material impact on our financial position or results of operations.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	Note 3 - FAIR VALUE MEASUREMENTS
	ASC Topic 820 defines fair value, establishes a framework for measuring fair value and enhances disclosure requirements for fair value measurements. This topic does not require any new fair value measurements. ASC Topic 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC Topic 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1 —	Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2—	Other inputs that are directly or indirectly observable in the marketplace.
	Level 3—	Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In accordance with ASC Topic 820, the Company measures its securities available for sale at fair value. The securities available for sale are classified within Level 1 since they are valued using quoted market prices.
	As discussed in Note 11, the Company’s investment in CTX Virtual Technologies has been measured at fair value, on a non-recurring basis, using Level 3 – unobservable inputs, to reflect the Company’s assessment of its inability to recover its investment in the foreseeable future. Accordingly, on a non-recurring basis, using Level 3 – unobservable inputs, the Company recorded an impairment loss of $5.0 million during the year ended March 31, 2011.
	Assets measured at fair value are summarized below:
			30-Sep-13
			Level 1		Level 2		Level 3		Total
			Quoted Prices		Significant		Significant
			in Active		Other		Unobservable
			Markets for		Observable		Inputs
			Identical		Inputs
			Assets
	Securities available for sale - Corporate bonds		$	5,394,553	$	-	$	-	$	5,394,553
	CTX Virtual Technologies			-		-		-		-
	Total assets measured at fair value		$	5,394,553	$	-	$	-	$	5,394,553
			31-Mar-13
			Level 1		Level 2		Level 3		Total
			Quoted Prices		Significant		Significant
			in Active		Other		Unobservable
			Markets for		Observable		Inputs
			Identical		Inputs
			Assets
	Securities available for sale - Corporate bonds		$	8,320,698	$	-	$	-	$	8,320,698
	CTX Virtual Technologies			-		-		-		-
	Total assets measured at fair value		$	8,320,698	$	-	$	-	$	8,320,698

SECURITIES_AVAILABLE_FOR_SALE

SECURITIES AVAILABLE FOR SALE	6 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]	'
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	'
	Note 4 – SECURITIES AVAILABLE FOR SALE
	Securities available for sale consist of the following:
			30-Sep-13
			Amortized			Unrealized			Unrealized			Market			Average
			Cost			Gains			Losses			Value			Duration (1)
	Corporate bonds		$	3,030,904		$	57,336		$	-87,830		$	3,000,410			2.61
	Corporate notes			1,478,742			15,291			-26,250			1,467,783			2.69
	Corporate high-yield bonds			945,660			1,760			-21,060			926,360			Perpetual
	Total debt securities		$	5,455,306		$	74,387		$	-135,140		$	5,394,553
			31-Mar-13
			Amortized			Unrealized			Unrealized			Market			Average
			Cost			Gains			Losses			Value			Duration (1)
	Corporate bonds		$	4,823,609		$	177,686		$	-61,786		$	4,939,509			2.56
	Corporate notes			2,006,092			12,607			-20,630			1,998,069			6.3
	Variable rate notes			607,500			-			-14,220			593,280			9.83
	Corporate high-yield bonds			791,600			-			-1,760			789,840			9.61
	Total debt securities		$	8,228,801		$	190,293		$	-98,396		$	8,320,698
	(1) Average remaining duration to maturity, in years
	All securities were classified as available for sale as of each date presented.
	The following table shows the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of September 30, 2013:
		Less than 1 year						1 Year or More						Total
		Market			Unrealized			Market			Unrealized			Market			Unrealized
		Value			Losses			Value			Losses			Value			Loss
	Corporate bonds	$	229,867		$	-29,584		$	97,413			-8,898		$	327,280		$	-38,482
	Total debt securities	$	229,867		$	-29,584		$	97,413		$	-8,898		$	327,280		$	-38,482
	Declines in the fair value of available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. In estimating other-than-temporary impairment losses, management considers, among other things: (i) the length of time and the extent to which the fair value has been lower than cost; (ii) the financial condition and near-term prospects of the issuer; and (iii) the intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery of cost.
	There were 78 securities in an unrealized loss position at September 30, 2013. Management does not intend to sell any of the securities classified as available for sale which have unrealized losses and believes that it is not likely that the Company will have to sell any such securities before a recovery of cost. The unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased and are not the result of deteriorated credit quality. The fair value is expected to recover as the bonds approach their maturity or re-pricing date or if market yields for such investments decline. Management does not believe such securities are other-than-temporarily impaired due to reasons of credit quality.
	Investment securities with a book value of $3,881,071 were sold during the six months ended September 30, 2013. The Company recognized a gain of $50,617 on the sale of those securities.

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Note 5 – INVENTORIES
	Inventories are valued at the lower of cost, determined on a first-in, first-out or market basis. Inventory consists of nutritional, personal care, automotive additive, environmentally safe products, portable drinking containers and EFT-Phone. The Company has three warehouses, one in City of Industry, CA; one in Kowloon, Hong Kong; and one at its factory in the PRC. The Company also consigned some of its inventories to two logistic service providers in China. On a quarterly basis, the Company’s management reviews inventory levels in each country for estimated obsolescence or unmarketable items, as compared with future demand requirements and the shelf life of the various products. Based on this review, the Company records inventory write-downs when costs exceed expected net realizable value.
	The components of inventories were as follows:
		September 30,		March 31,
		2013		2013
	Raw materials	$	32,231	$	36,820
	Supplies		3,020		10,923
	Finished goods		1,776,713		2,426,069
			1,811,964		2,473,812
	Less: Provision for inventory obsolescence		-267,955		-444,795
		$	1,544,009	$	2,029,017

RESTRICTED_CASH

RESTRICTED CASH	6 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Restricted Assets Disclosure [Text Block]	'
	Note 6 - RESTRICTED CASH
	On August 20, 2009, Taiwan Taipei district court froze Excalibur’s cash of NTD 6,079,694, equivalent to $201,448, as a result of a lawsuit filed by Marinteknik Shipbuilders (S) Pte Ltd., a Singapore company, against Excalibur in the Taiwan Taichung District Court. The lawsuit claims Excalibur owes service fees and out-of-pocket expenses of $249,731 to Marinteknik Shipbuilder (S) Pte Ltd. The restricted cash remained unchanged as of September 30 and March 31, 2013, except as a result of changes in foreign exchange rates.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	Note 7 – PROPERTY AND EQUIPMENT
	Property and equipment consist of the following:
		September 30,		March 31,
		2013		2013
	Transportation equipment		7,190,732		7,470,440
	Property and plant		959,715		945,806
	Leasehold improvements		442,764		524,006
	Automobiles		244,281		243,113
	Computer equipment		124,595		128,127
	Furniture and fixtures		101,005		95,642
	Machinery and equipment		374,844		368,618
			9,437,936		9,775,752
	Less: Accumulated depreciation		-7,127,192		-7,159,535
		$	2,310,744	$	2,616,217
	On August 8, 2010, the Company’s vessel, the Ocean LaLa, was damaged when sailing in the Taiwan Strait. As a result of the damage suffered, the Ocean LaLa has been taken out of service and management estimated that the net book value of the equipment exceeded its market value and an impairment loss of $5.4 million has been provided for the year ended March 31, 2011.
	Since August 2010, the Ocean LaLa has remained in dry dock and its damage has not been repaired. As such, professional valuations of the Ocean LaLa have been difficult to obtain. Therefore, alternative methods have been utilized. The Company searched ship broker information to get a market price for a similar, i.e., with similar size and capacity, but fully functional vessel, since the Company could not find a similar vessel with the exact damage as the Ocean LaLa. The market value of the Ocean LaLa was then calculated by subtracting the quoted repair estimate for the Ocean LaLa from the market value of such similar vessel. In addition, in March 2013, the Company received an offer from an independent third party to purchase the Ocean LaLa. The adjusted market value described above exceeded the net carrying value of the vessel, but the offer to purchase the Ocean LaLa was below the net book value. Based on the above analysis, the Company concluded that the net carrying value of the equipment exceeded its fair value and a further impairment loss of $5.5 million was recorded during the year ended March 31, 2013.
	The following table summarizes the carrying value of the Ocean LaLa as of June 30, 2013 and December 31, 2012 because the Company consolidates Excalibur based on a three-month lag with the Company’s reporting period:
		Transportation equipment
		30-Jun-13				31-Dec-12
		NTD*		USD		NTD*		USD
	Original cost		550,026,267		18,224,860		550,026,267		18,933,779
	Less: impairment loss made in 2011		-171,472,850		-5,681,672		-171,472,850		-5,902,680
	Less: impairment loss made in 2013		-161,537,135		-5,352,456		-161,537,135		-5,560,659
			217,016,282		7,190,732		217,016,282		7,470,440
	Less: Accumulated depreciation		-185,349,204		-6,141,458		-181,139,532		-6,235,440
	Net carrying value		31,667,078		1,049,274		35,876,750		1,235,000
	*NTD: New Taiwan Dollar
	The Company does not classify the transportation equipment as held for sale as it cannot meet all the criteria outlined by ASC 360-10-45-9.

LOANS_TO_RELATED_PARTIES_AND_R

LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS	6 Months Ended
	Sep. 30, 2013
Loans To Related Parties and Related Party Transactions [Abstract]	'
Loans to Related Parties and Related Party Transactions [Text Block]	'
	Note 8 - LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS
	The board of directors of the Company approved a non-interest bearing demand loan in the amount of $1,567,000 on July 25, 2008 to Yeuh-Chi Liu, a vendor to the Company. The $1,567,000 loan was used by Yeuh-Chi Liu to purchase a 3.97% ownership interest in Excalibur, see Note 10, and is collateralized by that interest. Yeuh-Chi Liu has served as a member of the board of directors of Excalibur since July 23, 2008. The Company does not expect that this loan will be repaid and the loan was written off as of December 31, 2010. The Company has not yet enforced its interest in the collateral.
	The Company uses the “EFT” name, a trademark owned and licensed to it by EFT Assets Limited. The Company is required to pay an annual royalty to EFT Assets Limited equal to a percentage of its gross sales for the previous fiscal year. The percentage is 5% for the first $30 million in gross sales, 4% for the $10 million in gross sales in excess of $30 million, 3% for the $10 million in gross sales in excess of $40 million; 2% for the $10 million in gross sales in excess of $50 million; and 1% for the $10 million in gross sales in excess of $60 million. EFT Assets Limited is owned by a number of persons, including Wendy Qin, director of EFT International Ltd. Ms. Qin is the sister of Jack Jie Qin, the Company’s president. During the six months ended September 30, 2013 and 2012, the royalties payable to EFT Assets Limited were $80,404 and $115,156, respectively. As of September 30 and March 31, 2013, the royalties due to EFT Assets Limited were $5,610 and Nil, respectively.
	In March 2010, one of the Company’s subsidiaries, EFT International Ltd., entered into a consultancy agreement with JFL Capital Limited, a company in which Wendy Qin serves as a director and is one of the principal shareholders. Under this agreement, EFT International Ltd. engaged JFL Capital Limited to provide EFT International Ltd. consultancy services on administration, financial matters, corporate planning and business development commencing from April 1, 2010, and the annual fee will be increased at the rate of $15,000 each year. The agreement may be terminated by either party on three months’ written notice. During the six months ended September 30, 2013 and 2012, the consultancy fees payable to JFL Capital Limited were $180,000 and $172,500, respectively.
	The Company rents a 6,500 square foot office space for its satellite training center in Hong Kong. This office is located at Langham Office Tower, 8 Argyle Street, Suite 3706, Kowloon, Hong Kong SAR. The leased space is owned by a number of persons, including Wendy Qin, a director of EFT (HK) Ltd. and the sister of Jack Jie Qin, the Company’s president. The lease for this space expires on March 31, 2015, with a monthly rental of $30,900. During the six months ended September 30, 2013 and 2012, the Company paid the lessor $185,567 in rent.

PREPAYMENT_ON_DEVELOPMENT_IN_P

PREPAYMENT ON DEVELOPMENT IN PROGRESS	6 Months Ended
	Sep. 30, 2013
Investment In Development In Progress [Abstract]	'
Investment In Development In Progress [Text Block]	'
	Note 9 – PREPAYMENT ON DEVELOPMENT IN PROGRESS
	On May 2, 2011, Jack Jie Qin, as an agent, entered into two series of agreements, one series with Meifu Development Co., Ltd., “Meifu”, and the other series with TransGlobe Life Insurance Inc., “TransGlobe”, to purchase an office building located in Taipei, Taiwan, the “Taiwan Building”. The Taiwan Building consists of 14 floors and 144 parking spaces. The agreements signed with Meifu related to the purchase of the 8 th -14 th floors, 1 out of 2 units on the 7 th floor and 79 parking spaces, while the agreements signed with TransGlobe were for the purchase of the 1 st -6 th floors, the other unit on the 7 th floor and the remaining 65 parking spaces in the Taiwan Building. The Taiwan Building is under construction and will be completed by the end of 2013. The total purchase price for the Taiwan Building is approximately $235.3 million. The Company intended to retain one floor of the Taiwan Building for its own business operations and planned to sell the majority of the remaining floors.
	On July 1 and July 7, 2011, EFT Investment Co. Ltd., “EFT Investment”, a wholly-owned subsidiary of the Company, as a party to the contract in place of Jack Jie Qin, entered into two sets of agreements, the “July 2011 Agreements”, with the sellers of the Taiwan Building that provided for substantially the same rights and obligations as the original May 2, 2011 agreements. Pursuant to the terms of the July 2011 Agreements, EFT Investment was obliged to pay the remaining twelve outstanding installments with various amounts due up to the scheduled completion of the Taiwan Building. Each subsequent quarterly payment, starting from April 20, 2012, was approximately $4 million, with the residual payment of approximately $163.6 million due at the time of completion of the Taiwan Building. As of September 30, 2013, payment of NTD600 million, approximately $20.8 million, has been made.
	The payments due to Meifu and TransGlobe under the July 2011 Agreements were suspended by EFT Investment due to, among other things, the failure of Meifu and TransGlobe to comply with certain conditions precedent applicable to the agreements and the Company’s belief that Meifu and TransGlobe had committed fraud on EFT Investment in the deliberate non-disclosure of information during the course of the transactions.
	On June 15, 2012, EFT Investment received a letter, the “Meifu Letter”, from Meifu wherein Meifu served notice of termination, as of that date, of its contracts with EFT Investment for the purchase of the Taiwan Building and a purported forfeiture of EFT Investment’s deposit of approximately $16.7 million, the “Deposit”. Subsequently, on June 29, 2012, EFT Investment’s local counsel issued a letter to Meifu alleging fraud and misrepresentation by Meifu during the course of the transactions. EFT Investment contended that the Meifu Letter and the purported termination of contracts between Meifu and EFT Investment were invalid and demanded the return of the Deposit and construction advances. On July 3, 2012, EFT Investment’s local counsel issued a letter to TransGlobe with substantially the same contentions as contained in the June 29, 2012 letter to Meifu and therein argued that the contracts between TransGlobe and EFT Investment were terminated and requested that all payments made to TransGlobe be returned. On October 10, 2012, EFT Investment received a letter from TransGlobe by which TransGlobe served a “notice of termination”, as of that date, of its contracts with EFT Investment for the purchase of the Taiwan Building and a purported forfeiture of EFT Investment’s deposit of approximately $3.4 million, the “Deposit”. Subsequently, on November 7, 2012, EFT Investment's local counsel issued a letter to Meifu and TransGlobe alleging fraud and misrepresentation by Meifu and TransGlobe during the course of the transactions.
	The Company has alleged that there was fraud and misrepresentation by Meifu and TransGlobe during the course of the Company’s transactions with those companies, and has filed a statement of complaint with the local prosecutor’s office in Taiwan. These allegations are currently under investigation by the Taipei district prosecutor office and the investigation bureau of the Ministry of Justice. As required by U.S. GAAP, the Company performed an impairment analysis related to the prepayment on the development in progress asset and recorded an impairment of approximately $11,227,000 related to this asset based on this analysis for the year ended March 31, 2013. Notwithstanding such impairment, the Company has continued to vigorously pursue its claims for the full value of the prepayment on the development in progress asset.

EXCALIBUR

EXCALIBUR	6 Months Ended
	Sep. 30, 2013
Excalibur [Abstract]	'
Excalibur [Text Block]	'
	Note 10 – EXCALIBUR
	On October 25, 2008, the Company through its wholly-owned subsidiary, EFT Investment, acquired a 48.81% equity interest in Excalibur for $19,193,000. The Company initially loaned funds to Excalibur in July 2008 and subsequently has continued to provide Excalibur with loan capital to fund its operations.
	As disclosed in Note 8, on July 25, 2008, the Company loaned $1,567,000 to Yeuh-Chi Liu, a vendor to the Company. The proceeds of the loan were used to acquire a 3.97% interest in Excalibur, which was offered as collateral for the loan. The Company does not expect that this loan will be repaid and the loan was written off as of December 31, 2010. The Company has not yet enforced its interest in the collateral. Yeuh-Chi Liu has served as a member of the board of directors of Excalibur since then. In accordance with ASC 810-10-25-43, the interest in Excalibur held by Yeuh-Chi Liu as a result of the loan made to her by the Company should be treated in the same manner as the Company’s own interest. As a result, the Company has concluded that it effectively held control of Excalibur and has consolidated Excalibur beginning at the time the Company acquired its ownership interest.
	The Company consolidates Excalibur based on a three-month lag with the Company’s reporting periods. All inter-company accounts and transactions were eliminated in consolidation. The following table provides a summary of balance sheet information for Excalibur as of June 30, 2013 and December 31, 2012 which is consolidated in the Company’s financial statements as of September 30 and March 31, 2013:
		Excalibur International Marine Corporation
		30-Jun-13				31-Dec-12
		NTD*		USD		NTD		USD
	Total assets		44,208,931		1,464,841		48,393,650		1,665,874
	Total liabilities		421,024,426		13,950,446		411,431,718		14,162,882
	Net liabilities		-376,815,495		-12,485,605		-363,038,068		-12,497,008
	48.81% ownership		-183,923,643		-6,094,224		-177,198,881		-6,099,790
	*NTD: New Taiwan Dollar
	Additional information concerning Excalibur is included in Notes 14 (Contingent Liabilities) and 20 (Litigation).

INVESTMENT_IN_CTX_VIRTUAL_TECH

INVESTMENT IN CTX VIRTUAL TECHNOLOGIES	6 Months Ended
	Sep. 30, 2013
Investment In Ctx Virtual Technologies [Abstract]	'
Investment in Ctx Virtual Technologies [Text Block]	'
	Note 11- INVESTMENT IN CTX VIRTUAL TECHNOLOGIES
	CTX Virtual Technologies, Inc., Pink Sheets: CTXV, is a technology company that manufactures and distributes mobile telecommunication, IT data management, virtual imaging and mobile data input accessories.
	In July 2010, the Company lent $5,000,000 to CTX Virtual Technologies, Inc., “CTX”. The loan to CTX was unsecured, bore interest at 8% per year and had a term of one year to July 26, 2011.  At any time during the one-year term, the Company could at its option convert the loan into 8,474,576 units, with each unit consisting of one share of CTX’s common stock and one warrant. Each warrant allows the Company to purchase one additional share of CTX’s common stock at a price of $1.00 at any time on or before June 23, 2015. At any time after January 26, 2011 and before July 26, 2011, CTX could, at its option, cause the loan to be converted into the same 8,474,576 units. If CTX common stock was not listed on the American Stock Exchange, the OTC Bulletin Board or NASDAQ by February 28, 2011, the number of shares of common stock and warrants issuable on conversion of the loan would be increased by 25%.
	On March 12, 2011, CTX elected to convert the full principal amount of $5,000,000 and paid the Company in full all accrued and unpaid interest owing. Because CTX common stock was not listed on the American Stock Exchange, the OTC Bulletin Board or NASDAQ by February 28, 2011, the number of shares of common stock and warrants issued on conversion of the loan was increased by 25% to 10,593,220. The common stock of CTX is quoted on the Pink OTC market. On March 31, 2011, the closing market price of CTX common stock, as reported by NASDAQ, was $1.93. However, this company’s common stock is very thinly traded and, as reported by NASDAQ, a total of 174,487 common shares were traded during the year ended March 31, 2011 at an average price, based on reported closing prices of $1.21 per share. Because of the lack of a sufficiently active market, the Company does not believe that quoted market prices for CTX’s common stock are a reliable indicator of the fair value of the investment.  Despite repeated inquires and requests to CTX for current financial information that would allow the Company to assess the recoverability of its investment, the Company has not been able to obtain any information to enable it to assess the fair value of this investment. Accordingly, management concluded that it would be prudent to conclude, in the absence of persuasive evidence to the contrary and, in particular, in light of CTX’s refusal to provide the Company with any financial information, that the investment should be considered impaired and therefore the Company has recorded an impairment loss of $5,000,000 during the year ended March 31, 2011.
	On June 12, 2013, CTX released its audited annual financial results for the year ended December 31, 2012. For the year ended December 31, 2012, CTX reported consolidated revenue of $119.2 million, gross profit of $20.0 million and income from operations of $14.7 million. After various non-operating expenses of $9.5 million, an income tax expense of $5.5 million and loss from deconsolidation of subsidiary of $5.1 million, CTX reported net income for the year of $13.6 million.
	The financial statements of CTX for the year ended December 31, 2012 state that there were 20,261,341 common shares issued and outstanding. Although EFT would appear to have a majority of the common stock outstanding as 10,593,220 common shares were issued to EFT on conversion of EFT’s loan in March 2011, CTX also has an outstanding a class of preferred stock that has super-majority voting rights. As a result, EFT does not control CTX. In addition, CTX has an outstanding class of preferred stock that has a liquidation preference that substantially exceeds CTX’s reported net book value.
	On September 30, 2013, the closing market price of CTX common stock, as reported by NASDAQ, was $1.50 per share, based on a trade of 200 shares on September 17, 2013. Prior to that trade, the closing market price of CTX common stock, as reported by NASDAQ, was $2.40 per share. This company’s common stock continues to be very thinly traded and, as reported by NASDAQ, a total of 26,600 common shares were traded during the six months ended September 30, 2013 at an average price, based on reported closing prices, of $1.58. Because of the lack of a sufficiently active market, the Company does not believe that quoted market prices for CTX’s common stock are a reliable indicator of the fair value of its investment.
	The Company may seek to recover a portion of its investment through the sale of common stock in the open market once the restricted period expires. However, because of the size of the Company’s position in relation to the market, the Company does not expect to be able to recover any significant portion of its investment in the foreseeable future.
	On August 8, 2012, the Company filed a civil complaint against Edward Carter, a former consultant, in the Superior Court of California, County of Los Angeles, in which the Company alleges, among other things, that Mr. Carter breached his consulting contract and fiduciary duty and committed fraud and misrepresentation in respect to the Company’s investment in CTX Virtual Technologies, Inc., as sponsored by Buckman, Buckman & Reid, Inc., “BB&R”, a financial consulting firm and placement agent.

OTHER_LIABILITIES

OTHER LIABILITIES	6 Months Ended
	Sep. 30, 2013
Other Liabilities and Financial Instruments Subject To Mandatory Redemption [Abstract]	'
Other Liabilities Disclosure [Text Block]	'
	Note 12 - OTHER LIABILITIES
	Other liabilities consist of the following:
		September		March
		30, 2013		31, 2013
	Payroll liabilities	$	94,130	$	89,506
	Warranty liabilities		4,860		5,005
	Accrued interest		-		3,949
	Accrued expenses		312,933		317,448
	Provision for tax		910,294		919,084
	Others		5,386		5,330
		$	1,327,603	$	1,340,322
	The Company records warranty liabilities at the time of sale for the estimated costs that may be incurred under its limited warranty. Changes in the warranty liability for standard warranties which are included in current liabilities on the Company’s Consolidated Balance Sheets are presented in the following tables:
		September 30,		March 31,
		2013		2013
	Warranty liability as at beginning of period, current	$	5,005	$	3,748
	Cost accrued		3,023		8,653
	Service obligations honored		-3,168		-7,396
	Warranty liability as at end of period, current	$	4,860	$	5,005

DUE_TO_RELATED_PARTIES

DUE TO RELATED PARTIES	6 Months Ended
	Sep. 30, 2013
Due To Related Parties [Abstract]	'
Due to Related Parties [Text Block]	'
	Note 13 – DUE TO RELATED PARTIES
		September 30,2013		March 31,2013
	Amount due to related parties:	$	46,388	$	48,193
	The above amounts are due to Steve Hsiao, a shareholder of Excalibur.

CONTINGENT_LIABILITIES

CONTINGENT LIABILITIES	6 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies Disclosure [Text Block]	'
	Note 14 - CONTINGENT LIABILITIES
	The Company’s controlled subsidiary, Excalibur, purchased the vessel “Ocean LaLa” from a British Virgin Islands, “BVI,” company, Ezone Capital Co. Ltd., in 2008. The purchase price was EURO 16 million, equivalent to approximately $20.7 million. The vessel was delivered to Excalibur and registered as owned by Excalibur at the end of 2008. The last payment of EURO 2 million, equivalent to approximately $2,597,403, is still under dispute as Excalibur believes that certain special equipment relating to the Ocean LaLa, including special tooling, was not delivered at the time of sale and that one of the Ezone’s directors did not act in good faith and was involved in self-dealing.

SHORTTERM_LOAN

SHORT-TERM LOAN	6 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	Note 15 – SHORT-TERM LOAN
	The Company received a $571,200 loan from a third party, Insurance Financing, Inc., to finance the directors’ and officers’ insurance premium for the current D&O insurance policy. The loan bore an interest rate of 4.95% per annum, and was to be repaid over a nine-month period which began on December 15, 2012. The terms of the agreement allowed for the Company to make nine equal payments of $64,783 and the loan was fully repaid during the quarter ended September 30, 2013.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 16 – STOCKHOLDERS’ EQUITY
	Common stock
	As of September 30, 2013, the Company had 4,975,000,000 shares of common stock authorized and 75,983,201 shares issued and outstanding.
	The Company did not issue any shares of common stock during the six months ended September 30, 2013.
	Warrants
	As of September 30, 2013, the Company’s subsidiary Digital Development Partners Inc. has 2,000,000 common stock warrants outstanding, and 330,665 Series A and 330,665 Series B warrants outstanding, which are accounted for as equity instruments. The 2,000,000 warrants will expire on June 1, 2014 and permit the holders to purchase one share of Digital’s common stock at an exercise price of $1.00 per share. The Series A and Series B warrants will expire on September 30, 2014 and permit the holders to purchase one share of Digital’s common stock at an exercise price of $1.00 per share and $1.25 per share, respectively.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 17 - INCOME TAXES
	The Company was incorporated in the United States and has operations in five tax jurisdictions - the United States, the Hong Kong Special Administrative Region, “HK SAR”, mainland China, Taiwan, and the BVI.
	The Company generated substantially all of its net income from its BVI operations for the six months ended September 30, 2013. According to BVI tax law this income is not subject to any taxes. The Company’s HK SAR subsidiaries are subject to a 16.5% profit tax based on its taxable net profit. EFT (HK) Ltd provides management service to a BVI subsidiary, and the BVI subsidiary reimburses EFT HK Ltd for its total operating expenses plus 5% mark up, and the income is subject to 16.5% profit tax. The deferred tax assets for the Company’s US operations and HK SAR subsidiaries were immaterial for the six months ended September 30, 2013.
	The Company’s Taiwanese subsidiary and its factory in mainland China, are subject to a 17% and 25% standard enterprise income tax, respectively, based on its taxable net profit. These operations have incurred net accumulated operating losses for income tax purposes and management believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, it has provided full valuation allowance for the deferred tax assets arising from the losses as of September 30, 2013 and 2012.
	The income tax expenses consist of the following:
		Six Months Ended
		September 30,
		2013		2012
	Current:
	Domestic	$	57	$	12,109
	Foreign		-		1,029
	Over provision for prior year by foreign subsidiary		-8,790		-
	Income tax expenses/(benefit)	$	-8,733	$	13,138
	A reconciliation of income taxes, with the amounts computed by applying the statutory federal income tax rate, 37% for the six months ended September 30, 2013 and 2012, to income before income taxes for the six months ended September 30, 2013 and 2012, is as follows:
		Six Months Ended
		September 30,
		2013		2012
	Income tax/ (provision) at U.S. statutory rate	$	-946,396	$	-903,180
	State tax		57		12,109
	Indefinitely invested earnings / (incurred losses) of foreign subsidiaries		941,303		898,820
	Nondeductible expenses		5,093		4,360
	Foreign subsidiary income tax		-		1,029
	Over provision for prior year by foreign subsidiary		-8,790		-
	Income tax expenses/(benefit)	$	-8,733	$	13,138
	The Company and one of its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for tax years before 2006 (March 31, 2007). Currently, the Company is under examination by the Internal Revenue Service (IRS) for its U.S. federal income tax returns for the years 2007 through 2010. It is anticipated that the IRS will complete its examination by March 2014.
	The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due.
	The Company has not provided deferred taxes on unremitted earnings attributable to international companies that have been considered to be reinvested indefinitely. Because of the availability of U.S. foreign tax credits, it is not practicable to determine the income tax liability that would be payable if such earnings were not indefinitely reinvested.
	In accordance with ASC Topic 740, interest associated with unrecognized tax benefits is classified as income tax and penalties are classified in selling, general and administrative expenses in the statements of operations. During the year ended March 31, 2013, the Company was assessed $220,050 in civil penalties including penalty and interest related to the alleged late filing of informational returns for the tax years 2007 through 2009. The Company is in the process of appealing these assessments with the Internal Revenue Service. As a result of preliminary findings from the IRS audit, the Company has recorded and estimated an additional liability of $690,211, which includes penalty and interest.
	The IRS has also raised the issue of “effective connected income” (ECI) for the years currently under audit. At this point in time the Company cannot determine or estimate any additional liability due to the complexity of this issue. The Company is currently discussing the issue with the tax authorities.

COMMITMENTS

COMMITMENTS	6 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Disclosure [Text Block]	'
	Note 18 - COMMITMENTS
	The Company’s commitments as of September 30, 2013 did not materially change from the amounts set forth in the Company’s March 31, 2013 Annual Report on Form 10-K.
	Total rent expenses for the six months ended September 30, 2013 and 2012, were $282,405 and $306,432, respectively.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 19 – SEGMENT INFORMATION
	The Company’s business is classified by management into three reportable segments: online, transportation and beverage. The online business reportable segment is an aggregation of the Company’s online operating segments, which are organized to sell the Company’s products to Affiliates through its website. The online business reportable segment derives revenue from the sales of nutritional products, personal care products and EFT-phones and access fees for its network platform. The transportation service reportable segment derives revenue from transport passengers and cargo between Taiwan and Mainland China through the Taiwan Strait. The beverage business reportable segment derives revenue and expenses from the bottled water factory in Baiquan, Heilongjiang Province, the PRC.
	Although substantially all of the Company’s revenue is generated from Mainland China, the Company is organizationally structured along business segments. The accounting policies of each of the Company’s operating segments are the same as those described in Note 2, “Summary of Significant Accounting Policies.”
	The following tables provide the business segment information as of and for the three months and six months ended September 30, 2013 and 2012. Income tax allocations have been determined based on statutory rates in the applicable business segment.
		Three months ended September 30, 2013
		Online		Transportation		Beverage		Total
		business		business		business
	Sales revenues, net	$	646,432	$	-	$	1,252	$	647,684
	Cost of goods sold		-191,142		-117,848		-1,169		-310,159
	Gross profit/(loss)		455,290		-117,848		83		337,525
	Operating expenses:
	Selling, general and administrative expenses		1,586,833		171,500		83,675		1,842,008
	Provision for inventory obsolescence		-44,158		-		-		-44,158
	Royalty expenses		37,339		-		-		37,339
	Total operating expenses		1,580,014		171,500		83,675		1,835,189
	Net operating loss		-1,124,724		-289,348		-83,592		-1,497,664
	Other income/(loss)		73,760		-684		1		73,077
	Allocated income tax benefit		8,733		-		-		8,733
	Income/(loss) after income tax		-1,042,231		-290,032		-83,591		-1,415,854
	Total long-lived assets		107,659		1,074,530		1,128,555		2,310,744
	Additions to long-lived assets		1,517		1		-		1,518
		Three months ended September 30, 2012
		Online		Transportation business		Beverage		Total
		business				business
	Sales revenues, net	$	580,755	$	-	$	-	$	580,755
	Cost of goods sold		-127,184		-248,516		-		-375,700
	Gross profit/(loss)		453,571		-248,516		-		205,055
	Operating expenses:
	Selling, general and administrative expenses		1,139,035		171,801		87,553		1,398,389
	Provision for inventory obsolescence		23,392		-		-		23,392
	Royalty expenses		56,104		-		-		56,104
	Total operating expenses		1,218,531		171,801		87,553		1,477,885
	Net operating loss		-764,960		-420,317		-87,553		-1,272,830
	Other income/(loss)		234,056		583,319		-848		816,527
	Allocated income tax expense		-13,138		-		-		-13,138
	Income/(loss) after income tax		-544,042		163,002		-88,401		-469,441
	Total long-lived assets		241,041		5,828,367		1,239,209		7,308,617
	Additions to long-lived assets		16,484		-10		-		16,474
		Six months ended September 30, 2013
		Online		Transportation		Beverage		Total
		business		business		business
	Sales revenues, net	$	1,145,872	$	-	$	7,834	$	1,153,706
	Cost of goods sold		-389,806		-235,096		-3,762		-628,664
	Gross profit/(loss)		756,066		-235,096		4,072		525,042
	Operating expenses:
	Selling, general and administrative expenses		2,863,965		295,944		176,570		3,336,479
	Provision for inventory obsolescence		105,207		-		-		105,207
	Royalty expenses		80,404		-		-		80,404
	Total operating expenses		3,049,576		295,944		176,570		3,522,090
	Net operating loss		-2,293,510		-531,040		-172,498		-2,997,048
	Other income		206,342		124,370		2		330,714
	Allocated income tax benefit		8,733		-		-		8,733
	Income/(loss) after income tax		-2,078,435		-406,670		-172,496		-2,657,601
	Total long-lived assets		107,659		1,074,530		1,128,555		2,310,744
	Additions to long-lived assets		1,517		5,107		-		6,624
		Six months ended September 30, 2012
		Online		Transportation business		Beverage		Total
		business				business
	Sales revenues, net	$	1,408,728	$	-	$	-	$	1,408,728
	Cost of goods sold		-263,538		-503,078		-		-766,616
	Gross profit/(loss)		1,145,190		-503,078		-		642,112
	Operating expenses:
	Selling, general and administrative expenses		2,300,356		380,110		164,851		2,845,317
Provision for inventory obsolescence		707,079		-		-		707,079
Royalty expenses		115,156		-		-		115,156
Total operating expenses		3,122,591		380,110		164,851		3,667,552
Net operating loss		-1,977,401		-883,188		-164,851		-3,025,440
Other income		304,751		495,656		768		801,175
Allocated income tax expense		-13,138		-		-		-13,138
Income/(loss) before income tax		-1,685,788		-387,532		-164,083		-2,237,403
Total long-lived assets		241,041		5,828,367		1,239,209		7,308,617
Additions to long-lived assets		45,691		6,099		6,164		57,954

LITIGATION

LITIGATION	6 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	Note 20 – LITIGATION
	In October 2008, the Company acquired, through a wholly-owned subsidiary, 48.81% of the capital stock of Excalibur International Marine Corporation, a Taiwanese corporation, for $19,193,000. Excalibur owns a high speed ship which, until August 2010, transported passengers and cargo between Taiwan and mainland China through the Taiwan Strait. Excalibur’s vessel, the Ocean LaLa, was capable of carrying up to 370 passengers and 630 tons of cargo.
	Excalibur purchased the Ocean LaLa from Ezone Capital Co. Ltd., prior to its acquisition by the Company. The last payment of EURO 2,000,000, equivalent to $2,631,579, was withheld by Excalibur since Excalibur believed that special tooling was not delivered at the time of sale and that an Ezone’s director did not act in good faith and was involved in self-dealing.
	On October 1, 2010, EFT Investment Co. Ltd. (EFTI) filed a lawsuit against Hsiao Zhong-Xing, former general manager of Excalibur, and Lu Zhuo-Jun, former vice general manager of Excalibur, collectively "Defendants,” in the Taiwan Shihlin District Prosecutors office. EFT Investment Co. Ltd. alleges, among other things, that Defendants committed the offences of capital forging, fraud, breach of trust, and document fabrication. On April 30, 2013, the Taiwan Shihlin District Court found that both Hsaio Zhong-Xing and Lu Zhuo-Jun were guilty of fraudulent increase of paid-up capital and dismissed all other charges. As a result, Hsiao Zhong-Xing received a six-month jail sentence and Lu Zhuo-Jun received a five-month jail sentence. Both of their jail sentences can be converted into a fine. On May 27, 2013, the Shihlin District Prosecutor filed an appeal in the appellate court for reconsideration of the judgment entered by the District Court. The final resolution of this case is pending.
	EFT Investment Co. Ltd. filed a civil lawsuit against Jiao Ren-Ho, Chang Hui-Ying, Hsiao Zhong-Xing, and Lu Zhuo-Jun, collectively “Defendants,” in the Taiwan Shihlin District court on February 12, 2010. EFT Investment Co. Ltd. alleges Defendants committed tortious acts, including but not limited to the offences of capital forging, fraud, breach of trust and document fabrication. The Shihlin District Court found in favor of all Defendants in the case. EFT filed an appeal in the appellate court for reconsideration of the judgment entered by the District Court. The final resolution of this case is pending.
	Marinteknik Shipbuilders (S) Pte Ltd., a Singapore company, filed a lawsuit against Excalibur in the Taiwan Taichung District Court on July 9, 2009 for unpaid service fees and out-of-pocket expenses of NTD8,050,832, equivalent to approximately $270,000. On August 20, 2009, the Taiwan Taipei district court froze Excalibur’s cash of $193,992 in response to the suit. The final resolution of this case is pending. However, a contingent liability for the restricted cash has been recorded.
	On August 2, 2010, the Company commenced a legal proceeding against Marinteknik Shipbuilders (S) Pte Ltd. and three other persons in the High Court of the Republic of Singapore alleging fraud, misrepresentation, and deceit on the part of the defendants with respect to Excalibur’s purchase of the Ocean LaLa. The Company claims that the wrongful actions of the defendants resulted in damages of $19,000,000 to the Company. On December 11, 2012, the High Court issued a decision whereby it dismissed EFT’s actions against Marinteknik and Lim Lan Eng (Priscilla), a director of Marinteknik. On January 8, 2013, EFT filed an appeal against the decision made by the High Court. The final resolution of such appeal is still pending.
	On August 18, 2010, Excalibur received a statement of claim, equivalent to a complaint in the United States, that was filed in the Taichung District Court, Taiwan, by Ezone Capital Co., Ltd. demanding approximately 2,000,000 Euros, equivalent to approximately $2,600,000, for the unpaid balance of the purchase price of the Ocean LaLa (see Note 14). Excalibur has denied the claims of Ezone on the basis that the Ocean LaLa was defective, unseaworthy, and not fit for its intended purpose. Excalibur has also filed a counterclaim against Ezone seeking a full refund of all amounts paid for the Ocean LaLa, as well as reimbursement for amounts spent on maintenance and repairs. The case proceeding has concluded and is awaiting disposition by the court.
	In 2009, EFT’s subsidiary, Heilongjiang Tianquan Manor Soda Drinks Co. Ltd., engaged a general contractor, the “Contractor”, to construct a water manufacturing plant, the “Plant”, for RMB4,758,600 (US$755,000). Upon completion, EFT inspected the Plant and found several material construction defects, including, but not limited to, the fact that the Contractor used inferior construction material, inconsistent construction plans and substandard insulation material. As a result, in 2010, EFT conditioned its final construction payment to the Contractor in the amount of RMB698,896 (US$110,000) on the rectification of all construction defects. On March 22, 2012, the Contractor brought a case against EFT in Baiquan People’s Court in Helongjiang Province seeking approximately RMB1,912,000 of purported outstanding payments under the contract and interest thereon. The case is awaiting trial.
	On August 8, 2012, the Company filed a complaint against Edward Carter, a former consultant, in the Superior Court of California, county of Los Angeles, in which the Company alleges, among other things, that Mr. Carter breached his consulting contract, fiduciary duty and committed fraud and misrepresentation in respect to the Company’s investment in CTX Virtual Technologies, Inc., “CTX”, as sponsored by Buckman, Buckman & Reid, Inc., “BB&R”, a financial consulting firm and placement agent. The final resolution of this case is pending.
	On April 18, 2013, EFTI filed a criminal complaint against Cheng Hao Peng (President of Meifu Development Co., Ltd.), Hong Dong Chen (former Director of EFTI), Teng De Peng (Vice Chairman of TransGlobe Life Insurance Inc.), Xian Jue Liu (Chairman of TransGlobe Life Insurance Inc.), Shih Kui Chang (Manager of Meifu), Yi Feng Cheng (Real Estate Department Manager of TransGlobe) and Da Min Wu, an individual, collectively called “Defendants”, in the Taipei District Prosecutors Office. EFTI alleges, among other things, that Defendants committed violations of securities law, insurance law, corporation law and tax law, as well as money laundering, fraud and breach of trust.
	On July 26, 2013, the Taipei District Office issued a non-indictment decision on charges against Cheng Hao Peng (President of Meifu), Hong Dong Chen (former Director of EFTI), Teng De Peng (Vice Chairman of TransGlobe), Xian Jue Liu (Chairman of TransGlobe), Shih Kui Chang (Manager of Meifu), Yi Feng Cheng (Real Estate Department Manager of TransGlobe) and Da Min Wu, an individual. EFTI filed an appeal on August 5, 2013 for reconsideration of the non-indictment charges against Cheng Hao Peng (President of Meifu), Hong Dong Chen (former Director of EFTI), Teng De Peng (Vice Chairman of TransGlobe) and Da Min Wu, an individual. Subsequently, the appeal of reconsideration of the non-indictment charges against the Defendants was rejected by the Appellate District Office. On October 19, 2013, EFTI filed a final petition to the Taipei District Court for judgment of the decision made by the Appellate District Office. The outcome of the judgment is pending.
	On June 3, 2013, the Company filed a civil complaint in Los Angeles, California against Meifu Development Co., Ltd., TransGlobe Life Insurance Inc. and certain individuals related to the purchase of the A5 Building in Taiwan. The final resolution of this case is pending. For further information, please see Note 9.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 21 - SUBSEQUENT EVENTS
	None.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Reclassification, Policy [Policy Text Block]	'
	Reclassification
	Certain amounts have been reclassified to conform with the current period presentation. The amounts reclassified did not have an effect on the Company’s results of operations or stockholders’ equity.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent accounting pronouncements
	There are no accounting standards that have been issued but not yet adopted that we believe will have a material impact on our financial position or results of operations.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	'
	Assets measured at fair value are summarized below:
		30-Sep-13
		Level 1		Level 2		Level 3		Total
		Quoted Prices		Significant		Significant
		in Active		Other		Unobservable
		Markets for		Observable		Inputs
		Identical		Inputs
		Assets
	Securities available for sale - Corporate bonds	$	5,394,553	$	-	$	-	$	5,394,553
	CTX Virtual Technologies		-		-		-		-
	Total assets measured at fair value	$	5,394,553	$	-	$	-	$	5,394,553
		31-Mar-13
		Level 1		Level 2		Level 3		Total
		Quoted Prices		Significant		Significant
		in Active		Other		Unobservable
		Markets for		Observable		Inputs
		Identical		Inputs
		Assets
	Securities available for sale - Corporate bonds	$	8,320,698	$	-	$	-	$	8,320,698
	CTX Virtual Technologies		-		-		-		-
	Total assets measured at fair value	$	8,320,698	$	-	$	-	$	8,320,698

SECURITIES_AVAILABLE_FOR_SALE_

SECURITIES AVAILABLE FOR SALE (Tables)	6 Months Ended
	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]	'
Available-for-sale Securities [Table Text Block]	'
	Securities available for sale consist of the following:
			30-Sep-13
			Amortized			Unrealized			Unrealized			Market			Average
			Cost			Gains			Losses			Value			Duration (1)
	Corporate bonds		$	3,030,904		$	57,336		$	-87,830		$	3,000,410			2.61
	Corporate notes			1,478,742			15,291			-26,250			1,467,783			2.69
	Corporate high-yield bonds			945,660			1,760			-21,060			926,360			Perpetual
	Total debt securities		$	5,455,306		$	74,387		$	-135,140		$	5,394,553
			31-Mar-13
			Amortized			Unrealized			Unrealized			Market			Average
			Cost			Gains			Losses			Value			Duration (1)
	Corporate bonds		$	4,823,609		$	177,686		$	-61,786		$	4,939,509			2.56
	Corporate notes			2,006,092			12,607			-20,630			1,998,069			6.3
	Variable rate notes			607,500			-			-14,220			593,280			9.83
	Corporate high-yield bonds			791,600			-			-1,760			789,840			9.61
	Total debt securities		$	8,228,801		$	190,293		$	-98,396		$	8,320,698
	(1) Average remaining duration to maturity, in years
Schedule of Unrealized Loss on Investments [Table Text Block]	'
	The following table shows the gross unrealized losses and fair value of the Company’s investments, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of September 30, 2013:
		Less than 1 year						1 Year or More						Total
		Market			Unrealized			Market			Unrealized			Market			Unrealized
		Value			Losses			Value			Losses			Value			Loss
	Corporate bonds	$	229,867		$	-29,584		$	97,413			-8,898		$	327,280		$	-38,482
	Total debt securities	$	229,867		$	-29,584		$	97,413		$	-8,898		$	327,280		$	-38,482

INVENTORIES_Tables

INVENTORIES (Tables)	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	The components of inventories were as follows:
		September 30,		March 31,
		2013		2013
	Raw materials	$	32,231	$	36,820
	Supplies		3,020		10,923
	Finished goods		1,776,713		2,426,069
			1,811,964		2,473,812
	Less: Provision for inventory obsolescence		-267,955		-444,795
		$	1,544,009	$	2,029,017

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property and equipment consist of the following:
		September 30,		March 31,
		2013		2013
	Transportation equipment		7,190,732		7,470,440
	Property and plant		959,715		945,806
	Leasehold improvements		442,764		524,006
	Automobiles		244,281		243,113
	Computer equipment		124,595		128,127
	Furniture and fixtures		101,005		95,642
	Machinery and equipment		374,844		368,618
			9,437,936		9,775,752
	Less: Accumulated depreciation		-7,127,192		-7,159,535
		$	2,310,744	$	2,616,217
Schedule Of Carrying Value Of The Vessel [Table Text Block]	'
	The following table summarizes the carrying value of the Ocean LaLa as of June 30, 2013 and December 31, 2012 because the Company consolidates Excalibur based on a three-month lag with the Company’s reporting period:
		Transportation equipment
		30-Jun-13				31-Dec-12
		NTD*		USD		NTD*		USD
	Original cost		550,026,267		18,224,860		550,026,267		18,933,779
	Less: impairment loss made in 2011		-171,472,850		-5,681,672		-171,472,850		-5,902,680
	Less: impairment loss made in 2013		-161,537,135		-5,352,456		-161,537,135		-5,560,659
			217,016,282		7,190,732		217,016,282		7,470,440
	Less: Accumulated depreciation		-185,349,204		-6,141,458		-181,139,532		-6,235,440
	Net carrying value		31,667,078		1,049,274		35,876,750		1,235,000
	*NTD: New Taiwan Dollar

EXCALIBUR_Tables

EXCALIBUR (Tables)	6 Months Ended
	Sep. 30, 2013
Excalibur [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	The following table provides a summary of balance sheet information for Excalibur as of June 30, 2013 and December 31, 2012 which is consolidated in the Company’s financial statements as of September 30 and March 31, 2013:
		Excalibur International Marine Corporation
		30-Jun-13				31-Dec-12
		NTD*		USD		NTD		USD
	Total assets		44,208,931		1,464,841		48,393,650		1,665,874
	Total liabilities		421,024,426		13,950,446		411,431,718		14,162,882
	Net liabilities		-376,815,495		-12,485,605		-363,038,068		-12,497,008
	48.81% ownership		-183,923,643		-6,094,224		-177,198,881		-6,099,790
	*NTD: New Taiwan Dollar

OTHER_LIABILITIES_Tables

OTHER LIABILITIES (Tables)	6 Months Ended
	Sep. 30, 2013
Other Liabilities and Financial Instruments Subject To Mandatory Redemption [Abstract]	'
Other Liabilities [Table Text Block]	'
	Other liabilities consist of the following:
		September		March
		30, 2013		31, 2013
	Payroll liabilities	$	94,130	$	89,506
	Warranty liabilities		4,860		5,005
	Accrued interest		-		3,949
	Accrued expenses		312,933		317,448
	Provision for tax		910,294		919,084
	Others		5,386		5,330
		$	1,327,603	$	1,340,322
Schedule of Product Warranty Liability [Table Text Block]	'
	Changes in the warranty liability for standard warranties which are included in current liabilities on the Company’s Consolidated Balance Sheets are presented in the following tables:
		September 30,		March 31,
		2013		2013
	Warranty liability as at beginning of period, current	$	5,005	$	3,748
	Cost accrued		3,023		8,653
	Service obligations honored		-3,168		-7,396
	Warranty liability as at end of period, current	$	4,860	$	5,005

DUE_TO_RELATED_PARTIES_Tables

DUE TO RELATED PARTIES (Tables)	6 Months Ended
	Sep. 30, 2013
Due To Related Parties [Abstract]	'
Schedule of Related Party Transactions [Table Text Block]	'
		September 30,		March 31,
		2013		2013
	Amount due to related parties:	$	46,388	$	48,193

INCOME_TAXES_Tables

INCOME TAXES (Tables)	6 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Income Taxes [Table Text Block]	'
	The income tax expenses consist of the following:
			Six Months Ended
			September 30,
			2013			2012
	Current:
	Domestic		$	57		$	12,109
	Foreign			-			1,029
	Over provision for prior year by foreign subsidiary			-8,790			-
	Income tax expenses/(benefit)		$	-8,733		$	13,138
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	A reconciliation of income taxes, with the amounts computed by applying the statutory federal income tax rate, 37% for the six months ended September 30, 2013 and 2012, to income before income taxes for the six months ended September 30, 2013 and 2012, is as follows:
		Six Months EndedSeptember 30,
		2013			2012
	Income tax/ (provision) at U.S. statutory rate	$	-946,396		$	-903,180
	State tax		57			12,109
	Indefinitely invested earnings / (incurred losses) of foreign subsidiaries		941,303			898,820
	Nondeductible expenses		5,093			4,360
	Foreign subsidiary income tax		-			1,029
	Over provision for prior year by foreign subsidiary		-8,790			-
	Income tax expenses/(benefit)	$	-8,733		$	13,138

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The following tables provide the business segment information as of and for the three months and six months ended September 30, 2013 and 2012. Income tax allocations have been determined based on statutory rates in the applicable business segment.
		Three months ended September 30, 2013
		Online		Transportation		Beverage		Total
		business		business		business
	Sales revenues, net	$	646,432	$	-	$	1,252	$	647,684
	Cost of goods sold		-191,142		-117,848		-1,169		-310,159
	Gross profit/(loss)		455,290		-117,848		83		337,525
	Operating expenses:
	Selling, general and administrative expenses		1,586,833		171,500		83,675		1,842,008
	Provision for inventory obsolescence		-44,158		-		-		-44,158
	Royalty expenses		37,339		-		-		37,339
	Total operating expenses		1,580,014		171,500		83,675		1,835,189
	Net operating loss		-1,124,724		-289,348		-83,592		-1,497,664
	Other income/(loss)		73,760		-684		1		73,077
	Allocated income tax benefit		8,733		-		-		8,733
	Income/(loss) after income tax		-1,042,231		-290,032		-83,591		-1,415,854
	Total long-lived assets		107,659		1,074,530		1,128,555		2,310,744
	Additions to long-lived assets		1,517		1		-		1,518
		Three months ended September 30, 2012
		Online		Transportation business		Beverage		Total
		business				business
	Sales revenues, net	$	580,755	$	-	$	-	$	580,755
	Cost of goods sold		-127,184		-248,516		-		-375,700
	Gross profit/(loss)		453,571		-248,516		-		205,055
	Operating expenses:
	Selling, general and administrative expenses		1,139,035		171,801		87,553		1,398,389
	Provision for inventory obsolescence		23,392		-		-		23,392
	Royalty expenses		56,104		-		-		56,104
	Total operating expenses		1,218,531		171,801		87,553		1,477,885
	Net operating loss		-764,960		-420,317		-87,553		-1,272,830
	Other income/(loss)		234,056		583,319		-848		816,527
	Allocated income tax expense		-13,138		-		-		-13,138
	Income/(loss) after income tax		-544,042		163,002		-88,401		-469,441
	Total long-lived assets		241,041		5,828,367		1,239,209		7,308,617
	Additions to long-lived assets		16,484		-10		-		16,474
		Six months ended September 30, 2013
		Online		Transportation		Beverage		Total
		business		business		business
	Sales revenues, net	$	1,145,872	$	-	$	7,834	$	1,153,706
	Cost of goods sold		-389,806		-235,096		-3,762		-628,664
	Gross profit/(loss)		756,066		-235,096		4,072		525,042
	Operating expenses:
	Selling, general and administrative expenses		2,863,965		295,944		176,570		3,336,479
	Provision for inventory obsolescence		105,207		-		-		105,207
	Royalty expenses		80,404		-		-		80,404
	Total operating expenses		3,049,576		295,944		176,570		3,522,090
	Net operating loss		-2,293,510		-531,040		-172,498		-2,997,048
	Other income		206,342		124,370		2		330,714
	Allocated income tax benefit		8,733		-		-		8,733
	Income/(loss) after income tax		-2,078,435		-406,670		-172,496		-2,657,601
	Total long-lived assets		107,659		1,074,530		1,128,555		2,310,744
	Additions to long-lived assets		1,517		5,107		-		6,624
		Six months ended September 30, 2012
		Online		Transportation business		Beverage		Total
		business				business
	Sales revenues, net	$	1,408,728	$	-	$	-	$	1,408,728
	Cost of goods sold		-263,538		-503,078		-		-766,616
	Gross profit/(loss)		1,145,190		-503,078		-		642,112
	Operating expenses:
	Selling, general and administrative expenses		2,300,356		380,110		164,851		2,845,317
	Provision for inventory obsolescence		707,079		-		-		707,079
	Royalty expenses		115,156		-		-		115,156
	Total operating expenses		3,122,591		380,110		164,851		3,667,552
Net operating loss		-1,977,401		-883,188		-164,851		-3,025,440
Other income		304,751		495,656		768		801,175
Allocated income tax expense		-13,138		-		-		-13,138
Income/(loss) before income tax		-1,685,788		-387,532		-164,083		-2,237,403
Total long-lived assets		241,041		5,828,367		1,239,209		7,308,617
Additions to long-lived assets		45,691		6,099		6,164		57,954

ORGANIZATION_Details_Textual

ORGANIZATION (Details Textual) (USD $)	3 Months Ended		6 Months Ended			6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Nov. 18, 2007	Sep. 30, 2013	Oct. 25, 2008	Feb. 28, 2010	Jul. 25, 2008
						Other Affiliates [Member]	Excalibur International Marine Corporation [Member]	Digital Development Partners [Member]	Yeuh Chi Liu [Member]
Entity Incorporation, State Country Name	'	'	'Nevada	'	'	'	'	'	'
Entity Incorporation, Date Of Incorporation	'	'	19-Mar-92	'	'	'	'	'	'
Business Acquisition Equity Interests Issued Number Of Shares Issued	'	'	'	'	53,300,000	'	'	'	'
Business Acquisition Name Of Acquired Entity,Net	'	'	'EFT Holdings, Inc	'	'	'	'	'	'
Business Acquisition Equity Interests Issued To Share Holders Number Of Shares Issued	'	'	'	'	52,099,000	'	'	'	'
Business Acquisition Equity Interests Issued To Director and Office Number Of Shares Issued	'	'	'	'	1,201,000	'	'	'	'
Equity Method Investment, Ownership Percentage	'	'	'	'	87.34%	'	48.81%	92.00%	'
Loans Receivable, Net	'	'	'	'	'	'	'	'	$1,567,000
Percentage Of Ownership Interest Pledged As Collateral Against Loans Receivable	'	'	'	'	'	'	'	'	3.97%
Shares Acquired On Assigning Franchise Rights	'	'	'	'	'	'	'	79,265,000	'
Description Of Taiwan Vessel Law	'	'	'The Vessel Law was amended in December 2010, and, after the amendment, no more than 50% of the capital stock of limited liability companies owning ships registered in Taiwan, like Excalibur, can be owned by non-Taiwanese citizens. Therefore, the Companys ownership in Excalibur is no longer required to be reduced to 33% and the Companys ownership of 48.81% of the capital stock of Excalibur is in compliance with applicable law in Taiwan.	'	'	'	'	'	'
Purchase Obligation	'	'	'	'	'	600	'	'	'
Shipping costs	$18,475	$0	$28,879	$418	'	$60	'	'	'
Number Of Nutritional Products	'	'	'	'	'	27	'	'	'
Number Of Personal Care Products	'	'	'	'	'	21	'	'	'
Percentage Of Access Fees	'	'	10.00%	'	'	'	'	'	'
Third Party Access Fees Description	'	'	'For Affiliates that enter the $800 and $8,000 travel programs, an access fee in the amount of $30 and $300, respectively, will be paid.	'	'	'	'	'	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Securities available for sale - Corporate bonds	$5,394,553	$8,320,698
CTX Virtual Technologies	0	0
Total assets measured at fair value	5,394,553	8,320,698
Fair Value, Inputs, Level 1 [Member]	'	'
Securities available for sale - Corporate bonds	5,394,553	8,320,698
CTX Virtual Technologies	0	0
Total assets measured at fair value	5,394,553	8,320,698
Fair Value, Inputs, Level 2 [Member]	'	'
Securities available for sale - Corporate bonds	0	0
CTX Virtual Technologies	0	0
Total assets measured at fair value	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Securities available for sale - Corporate bonds	0	0
CTX Virtual Technologies	0	0
Total assets measured at fair value	$0	$0

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details Textual) (C T X Virtual Technologies Inc [Member], USD $)	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2011
C T X Virtual Technologies Inc [Member]	'
Impairment Loss	$5

SECURITIES_AVAILABLE_FOR_SALE_1

SECURITIES AVAILABLE FOR SALE (Details) (USD $)	6 Months Ended		12 Months Ended
	Sep. 30, 2013		Mar. 31, 2013
Available-for-sale Securities, Amortized Cost	$5,455,306		$8,228,801
Available-for-sale Securities, Unrealized Gains	74,387		190,293
Available-for-sale Securities, Unrealized Losses	-135,140		-98,396
Available-for-sale Securities, Market Value	5,394,553		8,320,698
Corporate Bond Securities [Member]	'		'
Available-for-sale Securities, Amortized Cost	3,030,904		4,823,609
Available-for-sale Securities, Unrealized Gains	57,336		177,686
Available-for-sale Securities, Unrealized Losses	-87,830		-61,786
Available-for-sale Securities, Market Value	3,000,410		4,939,509
Available For Sale Securities, Average Duration	'2 years 7 months 10 days	[1]	'2 years 6 months 22 days	[1]
Corporate Note Securities [Member]	'		'
Available-for-sale Securities, Amortized Cost	1,478,742		2,006,092
Available-for-sale Securities, Unrealized Gains	15,291		12,607
Available-for-sale Securities, Unrealized Losses	-26,250		-20,630
Available-for-sale Securities, Market Value	1,467,783		1,998,069
Available For Sale Securities, Average Duration	'2 years 8 months 8 days	[1]	'6 years 3 months 18 days	[1]
Variable Rate Notes [Member]	'		'
Available-for-sale Securities, Amortized Cost	'		607,500
Available-for-sale Securities, Unrealized Gains	'		0
Available-for-sale Securities, Unrealized Losses	'		-14,220
Available-for-sale Securities, Market Value	'		593,280
Available For Sale Securities, Average Duration	'		'9 years 9 months 29 days	[1]
Corporate High Yield Bonds [Member]	'		'
Available-for-sale Securities, Amortized Cost	945,660		791,600
Available-for-sale Securities, Unrealized Gains	1,760		0
Available-for-sale Securities, Unrealized Losses	-21,060		-1,760
Available-for-sale Securities, Market Value	$926,360		$789,840
Available For Sale Securities, Average Duration	'		'9 years 7 months 10 days	[1]
[1]	Average remaining duration to maturity, in years

SECURITIES_AVAILABLE_FOR_SALE_2

SECURITIES AVAILABLE FOR SALE (Details 1) (USD $)	6 Months Ended
	Sep. 30, 2013
Available-for-sale Securities, Less than 1 year, Market Value	$229,867
Available-for-sale Securities, Less than 1 year, Unrealized Losses	-29,584
Available-for-sale Securities, 1 Year or More, Market Value	97,413
Available-for-sale Securities, 1 year or More, Unrealized Losses	-8,898
Available-for-sale Securities, Market Value	327,280
Available-for-sale Securities, Unrealized Losses	-38,482
Corporate Bond Securities [Member]	'
Available-for-sale Securities, Less than 1 year, Market Value	229,867
Available-for-sale Securities, Less than 1 year, Unrealized Losses	-29,584
Available-for-sale Securities, 1 Year or More, Market Value	97,413
Available-for-sale Securities, 1 year or More, Unrealized Losses	-8,898
Available-for-sale Securities, Market Value	327,280
Available-for-sale Securities, Unrealized Losses	($38,482)

SECURITIES_AVAILABLE_FOR_SALE_3

SECURITIES AVAILABLE FOR SALE (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Available-For-Sale Securities, Gross Realized Gain (Loss)	$1,224	$71,341	$50,617	$70,722
Proceeds from Sale and Maturity of Marketable Securities	'	'	$3,881,071	'

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Raw materials	$32,231	$36,820
Supplies	3,020	10,923
Finished goods	1,776,713	2,426,069
Inventory, Gross	1,811,964	2,473,812
Less: Provision for inventory obsolescence	-267,955	-444,795
Inventory, Net, Total	$1,544,009	$2,029,017

RESTRICTED_CASH_Details_Textua

RESTRICTED CASH (Details Textual)	Aug. 20, 2009	Aug. 20, 2009
	USD ($)	TWD
Restricted Cash and Cash Equivalents, Noncurrent	$201,448	6,079,694
Damages Sought Value	$249,731	'

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Property, Plant and Equipment, Gross	$9,437,936	$9,775,752
Less: Accumulated depreciation	-7,127,192	-7,159,535
Net carrying value	2,310,744	2,616,217
Transportation Equipment [Member]	'	'
Property, Plant and Equipment, Gross	7,190,732	7,470,440
Property and Plant [Member]	'	'
Property, Plant and Equipment, Gross	959,715	945,806
Leasehold Improvements [Member]	'	'
Property, Plant and Equipment, Gross	442,764	524,006
Automobiles [Member]	'	'
Property, Plant and Equipment, Gross	244,281	243,113
Computer Equipment [Member]	'	'
Property, Plant and Equipment, Gross	124,595	128,127
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment, Gross	101,005	95,642
Machinery and Equipment [Member]	'	'
Property, Plant and Equipment, Gross	$374,844	$368,618

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details 1)	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2013		Dec. 31, 2012	Dec. 31, 2012
	USD ($)	USD ($)	Transportation Equipment [Member]	Transportation Equipment [Member]	Subsidiaries [Member]	Subsidiaries [Member]		Subsidiaries [Member]	Subsidiaries [Member]
			USD ($)	USD ($)	Transportation Equipment [Member]	Transportation Equipment [Member]		Transportation Equipment [Member]	Transportation Equipment [Member]
					USD ($)	TWD		USD ($)	TWD
Original cost	'	'	'	'	$18,224,860	550,026,267	[1]	$18,933,779	550,026,267	[1]
Less: impairment loss made in 2011	'	'	'	'	-5,681,672	-171,472,850	[1]	-5,902,680	-171,472,850	[1]
Less: impairment loss made in 2013	'	'	'	'	-5,352,456	-161,537,135	[1]	-5,560,659	-161,537,135	[1]
Property, Plant and Equipment, Gross	9,437,936	9,775,752	7,190,732	7,470,440	7,190,732	217,016,282	[1]	7,470,440	217,016,282	[1]
Less: Accumulated depreciation	-7,127,192	-7,159,535	'	'	-6,141,458	-185,349,204	[1]	-6,235,440	-181,139,532	[1]
Net carrying value	$2,310,744	$2,616,217	'	'	$1,049,274	31,667,078	[1]	$1,235,000	35,876,750	[1]
[1]	NTD: New Taiwan Dollar

PROPERTY_AND_EQUIPMENT_Details2

PROPERTY AND EQUIPMENT (Details Textual) (Transportation Equipment [Member], USD $)	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013	Mar. 31, 2011
Transportation Equipment [Member]	'	'
Impairment Loss	$5.50	$5.40

LOANS_TO_RELATED_PARTIES_AND_R1

LOANS TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	6 Months Ended			6 Months Ended				6 Months Ended			1 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Nov. 18, 2007	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Jul. 25, 2008
				Director and President [Member]	Director and President [Member]	EFT Assets Limited [Member]	EFT Assets Limited [Member]	Langham Office Owners [Member]	JFL Capital Limited [Member]	JFL Capital Limited [Member]	Yeuh Chi Liu [Member]
Related Party Transaction, Amounts of Transaction	$80,404	$115,156	'	'	'	'	'	'	'	'	$1,567,000
Equity Method Investment, Ownership Percentage	'	'	87.34%	'	'	'	'	'	'	'	3.97%
Related Party Transaction, Description of Transaction	'The percentage is 5% for the first $30 million in gross sales, 4% for the $10 million in gross sales in excess of $30 million, 3% for the $10 million in gross sales in excess of $40 million; 2% for the $10 million in gross sales in excess of $50 million; and 1% for the $10 million in gross sales in excess of $60 million.	'	'	'	'	'	'	'The Company rents a 6,500 square foot office space for its satellite training center in Hong Kong. This office is located at Langham Office Tower, 8 Argyle Street, Suite 3706, Kowloon, Hong Kong SAR. The leased space is owned by a number of persons, including Wendy Qin, a director of EFT (HK) Ltd. and the sister of Jack Jie Qin, the Companys president.	'In March 2010, one of the Companys subsidiaries, EFT International Ltd., entered into a consultancy agreement with JFL Capital Limited, a company in which Wendy Qin serves as a director and is one of the principal shareholders. Under this agreement, EFT International Ltd. engaged JFL Capital Limited to provide EFT International Ltd. consultancy services on administration, financial matters, corporate planning and business development commencing from April 1, 2010, and the annual fee will be increased at the rate of $15,000 each year. The agreement may be terminated by either party on three months written notice.	'	'
Lease Expiration Date	31-Mar-15	'	'	'	'	'	'	'	'	'	'
Future Monthly Rental Expenses	30,900	'	'	'	'	'	'	'	'	'	'
Accrued Royalties	'	'	'	'	'	5,610	0	'	'	'	'
Accrued Professional Fees	'	'	'	'	'	'	'	'	180,000	172,500	'
Operating Leases, Rent Expense	$282,405	$306,432	'	$185,567	$185,567	'	'	'	'	'	'

PREPAYMENT_ON_DEVELOPMENT_IN_P1

PREPAYMENT ON DEVELOPMENT IN PROGRESS (Details Textual)	1 Months Ended	12 Months Ended	1 Months Ended					6 Months Ended
	Jul. 15, 2012	Mar. 31, 2013	Jul. 31, 2011	31-May-11	Sep. 30, 2013	Sep. 30, 2013	Apr. 20, 2012	Sep. 30, 2013
	USD ($)	USD ($)	Meifu and Trans Globe Agreement [Member]	Meifu and Trans Globe Agreement [Member]	Agreements In July 2011 [Member]	Agreements In July 2011 [Member]	Agreements In July 2011 [Member]	Agreement Termination October 10 2012 [Member]
					USD ($)	TWD	USD ($)	USD ($)
Taiwan Building Agreement, Description	'	'	'On July 1 and July 7, 2011, EFT Investment Co. Ltd., EFT Investment, a wholly-owned subsidiary of the Company, as a party to the contract in place of Jack Jie Qin, entered into two sets of agreements, the July 2011 Agreements, with the sellers of the Taiwan Building that provided for substantially the same rights and obligations as the original May 2, 2011 agreements. Pursuant to the terms of the July 2011 Agreements, EFT Investment was obliged to pay the remaining twelve outstanding installments with various amounts due up to the scheduled completion of the Taiwan Building.	'On May 2, 2011, Jack Jie Qin, as an agent, entered into two series of agreements, one series with Meifu Development Co., Ltd., “Meifu”, and the other series with TransGlobe Life Insurance Inc., “TransGlobe”, to purchase an office building located in Taipei, Taiwan, the “Taiwan Building”. The Taiwan Building consists of 14 floors and 144 parking spaces. The agreements signed with Meifu related to the purchase of the 8 th -14 th floors, 1 out of 2 units on the 7 th floor and 79 parking spaces, while the agreements signed with TransGlobe were for the purchase of the 1 st -6 th floors, the other unit on the 7 th floor and the remaining 65 parking spaces in the Taiwan Building. The Taiwan Building is under construction and will be completed by the end of 2013. The total purchase price for the Taiwan Building is approximately $235.3 million. The Company intended to retain one floor of the Taiwan Building for its own business operations and planned to sell the majority of the remaining floors.	'	'	'	'
Purchase Obligation Quarterly Payment	'	'	'	'	'	'	$4,000,000	'
Residual Purchase Obligation	'	'	'	'	'	'	163,600,000	'
Purchase Obligation Payment Made	'	'	'	'	20,800,000	600,000,000	'	'
Down Payment for Purchase of Property in Taiwan	16,700,000	'	'	'	'	'	'	'
Proceeds from Sale of Other Investments	'	'	'	'	'	'	'	3,400,000
Impairment Losses Related to Prepayment Asset	'	$11,227,000	'	'	'	'	'	'

EXCALIBUR_Details

EXCALIBUR (Details)	Sep. 30, 2013	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2013		Dec. 31, 2012	Dec. 31, 2012
	USD ($)	USD ($)	Excalibur International Marine Corporation [Member]	Excalibur International Marine Corporation [Member]		Excalibur International Marine Corporation [Member]	Excalibur International Marine Corporation [Member]
			USD ($)	TWD		USD ($)	TWD
Total assets	$22,006,343	$25,490,224	$1,464,841	44,208,931	[1]	$1,665,874	48,393,650	[1]
Total liabilities	'	'	13,950,446	421,024,426	[1]	14,162,882	411,431,718	[1]
Net liabilities	'	'	-12,485,605	-376,815,495	[1]	-12,497,008	-363,038,068	[1]
48.81% ownership	'	'	($6,094,224)	-183,923,643	[1]	($6,099,790)	-177,198,881	[1]
[1]	NTD: New Taiwan Dollar

EXCALIBUR_Details_Textual

EXCALIBUR (Details Textual) (USD $)	1 Months Ended
	Oct. 25, 2008	Nov. 18, 2007	Jul. 25, 2008	Oct. 25, 2008
			Yeuh Chi Liu [Member]	Excalibur International Marine Corporation [Member]
Equity Method Investment, Ownership Percentage	'	87.34%	3.97%	48.81%
Loans Receivable, Net, Total	'	'	$1,567,000	'
Payments to Acquire Equity Method Investments	$19,193,000	'	'	'

INVESTMENT_IN_CTX_VIRTUAL_TECH1

INVESTMENT IN CTX VIRTUAL TECHNOLOGIES (Details Textual) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Mar. 31, 2011

Mar. 31, 2013

Mar. 12, 2011

Feb. 28, 2011

Jul. 31, 2010

Dec. 31, 2012

Mar. 12, 2011

CTX Virtual Technologies Inc [Member]

CTX Virtual Technologies Inc [Member]

CTX Virtual Technologies Inc [Member]

Loan Receivable Conversion Original Debt Amount

'

'

'

'

'

'

'

'

'

$5,000,000

'

'

Loan Receivable Conversion Original Interest Rate

'

'

'

'

'

'

'

'

'

8.00%

'

'

Loan Receivable Conversion Original Debt Due Date Of Loan Year

'

'

'

'

'

'

'

'

'

26-Jul-11

'

'

Loan Receivable Conversion Description

'

'

'

'

'

'

'

'

'

'At any time during the one-year term, the Company could at its option convert the loan into 8,474,576 units, with each unit consisting of one share of CTXs common stock and one warrant. Each warrant allows the Company to purchase one additional share of CTXs common stock at a price of $1.00 at any time on or before June 23, 2015. At any time after January 26, 2011 and before July 26, 2011, CTX could, at its option, cause the loan to be converted into the same 8,474,576 units.

'

'

Common Stock and Warrants Issuable Increased Percentage

'

'

'

'

'

'

'

'

25.00%

'

'

'

Convert Full Principal Amount

'

'

'

'

'

'

'

5,000,000

'

'

'

'

Loan Receivable Conversion Converted Instrument Warrants Or Options Issued1

'

'

'

'

'

'

'

'

'

'

'

10,593,220

Closing Market Share Price

'

'

'

'

'

$1.93

'

'

'

'

'

'

Share Traded During Period

'

'

'

'

'

174,487

'

'

'

'

'

'

Average Price

'

'

$1.58

'

'

$1.21

'

'

'

'

'

'

Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment

'

'

'

'

'

5,000,000

'

'

'

'

'

'

Revenue, Net

'

'

'

'

'

'

'

'

'

'

119,200,000

'

Gross Profit

337,525

205,055

525,042

642,112

'

'

'

'

'

'

20,000,000

'

Loan Receivable Conversion Converted Instrument Warrants or Options Issued 1 Percentage of Increase

'

'

'

'

'

'

'

'

'

'

'

25.00%

Income (Loss) from Continuing Operations Attributable to Parent

'

'

'

'

'

'

'

'

'

'

14,700,000

'

Non Operating Expenses

'

'

'

'

'

'

'

'

'

'

9,500,000

'

Income Tax Expense (Benefit)

-8,733

13,138

-8,733

13,138

'

'

'

'

'

'

5,500,000

'

Deconsolidation, Gain (Loss), Amount

'

'

'

'

'

'

'

'

'

'

5,100,000

'

Income (Loss) Attributable to Parent

'

'

'

'

'

'

'

'

'

'

$13,600,000

'

Common Stock, Shares, Outstanding

75,983,201

'

75,983,201

'

'

'

75,983,201

'

'

'

20,261,341

'

Closing Market Price of Share

$1.50

'

$1.50

'

'

'

'

'

'

'

'

'

Number of Common Shares, Traded

200

'

200

'

'

'

'

'

'

'

'

'

Number of Common Shares, Traded 1

'

'

26,600

'

'

'

'

'

'

'

'

'

Market Price Per Share of Common Stock Previously Reported

$2.40

'

$2.40

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Warrants or Options Issued

'

'

'

'

10,593,220

'

'

'

'

'

'

'

OTHER_LIABILITIES_Details

OTHER LIABILITIES (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Payroll liabilities	$94,130	$89,506
Warranty liabilities	4,860	5,005
Accrued interest	0	3,949
Accrued expenses	312,933	317,448
Provision for tax	910,294	919,084
Others	5,386	5,330
Other Liabilities, Current, Total	$1,327,603	$1,340,322

OTHER_LIABILITIES_Details_1

OTHER LIABILITIES (Details 1) (USD $)	6 Months Ended	12 Months Ended
	Sep. 30, 2013	Mar. 31, 2013
Warranty liability as at beginning of period, current	$5,005	$3,748
Cost accrued	3,023	8,653
Service obligations honored	-3,168	-7,396
Warranty liability as at end of period, current	$4,860	$5,005

DUE_TO_RELATED_PARTIES_Details

DUE TO RELATED PARTIES (Details) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Amount due to related parties:	$46,388	$48,193

CONTINGENT_LIABILITIES_Details

CONTINGENT LIABILITIES (Details Textual)	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
In Millions, unless otherwise specified	USD ($)	EUR (€)	Excalibur International Marine Corporation [Member]	Excalibur International Marine Corporation [Member]
			USD ($)	EUR (€)
Disputed Payment Contingency	'	'	$2,597,403	€ 2
Purchase Price of Subsidiary	$20.70	€ 16	'	'

SHORTTERM_LOAN_Details_Textual

SHORT-TERM LOAN (Details Textual) (USD $)	6 Months Ended
	Sep. 30, 2013
Loans From Third Party	$571,200
Debt Instrument, Interest Rate During Period	4.95%
Debt Instrument, Periodic Payment	$64,783

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual)	6 Months Ended
	Sep. 30, 2013	Mar. 31, 2013
Common Stock, Shares Authorized	4,975,000,000	4,975,000,000
Common Stock, Shares Issued	75,983,201	75,983,201
Common Stock, Shares, Outstanding	75,983,201	75,983,201
Investment Warrants Expiration Date Description	1-Jun-14	'
Series A Warrant [Member]	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	1	'
Class of Warrant or Right, Outstanding	330,665	'
Investment Warrants Expiration Date Description	30-Sep-14	'
Series B Warrant [Member]	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	1.25	'
Class of Warrant or Right, Outstanding	330,665	'
Investment Warrants Expiration Date Description	30-Sep-14	'
Digital Development Partners [Member]	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	1	'
Class of Warrant or Right, Outstanding	2,000,000	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Current:	'	'	'	'
Domestic	'	'	$57	$12,109
Foreign	'	'	0	1,029
Over provision for prior year by foreign subsidiary	'	'	-8,790	0
Income tax expenses/(benefit)	($8,733)	$13,138	($8,733)	$13,138

INCOME_TAXES_Details_1

INCOME TAXES (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income tax/ (provision) at U.S. statutory rate	'	'	($946,396)	($903,180)
State tax	'	'	57	12,109
Indefinitely invested earnings / (incurred losses) of foreign subsidiaries	'	'	941,303	898,820
Nondeductible expenses	'	'	5,093	4,360
Foreign subsidiary income tax	'	'	0	1,029
Over provision for prior year by foreign subsidiary	'	'	-8,790	0
Income tax expenses/(benefit)	($8,733)	$13,138	($8,733)	$13,138

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	6 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013
Effective Rate of Income Tax	37.00%	37.00%	'
Consideration for Management Service, Description	'EFT (HK) Ltd provides management service to a BVI subsidiary, and the BVI subsidiary reimburses EFT HK Ltd for its total operating expenses plus 5% mark up, and the income is subject to 16.5% profit tax.	'	'
Income Tax Examination, Penalties from Examination	$690,211	'	'
Income Tax Examination, Penalties and Interest Expense	'	'	$220,050
HK SAR [Member]	'	'	'
Effective Rate of Income Tax	16.50%	'	'
EFT HK Ltd [Member]	'	'	'
Effective Rate of Income Tax	16.50%	'	'
Subsidiary In Taiwan [Member]	'	'	'
Effective Rate of Income Tax	17.00%	'	'
Subsidiary In Mainland China [Member]	'	'	'
Effective Rate of Income Tax	25.00%	'	'

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Leases, Rent Expense	$282,405	$306,432

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Sales revenues, net	$647,684	$580,755	$1,153,706	$1,408,728
Cost of goods sold	-310,159	-375,700	-628,664	-766,616
Gross profit/(loss)	337,525	205,055	525,042	642,112
Operating expenses:	'	'	'	'
Selling, general and administrative expenses	1,842,008	1,398,389	3,336,479	2,845,317
Provision for inventory obsolescence	-44,158	23,392	105,207	707,079
Royalty expenses	37,339	56,104	80,404	115,156
Total operating expenses	1,835,189	1,477,885	3,522,090	3,667,552
Net operating loss	-1,497,664	-1,272,830	-2,997,048	-3,025,440
Other income/(loss)	73,077	816,527	330,714	801,175
Allocated income tax benefit/expense	8,733	-13,138	8,733	-13,138
Income/(loss) after income tax	-1,415,854	-469,441	-2,657,601	-2,237,403
Total long-lived assets	2,310,744	7,308,617	2,310,744	7,308,617
Additions to long-lived assets	1,518	16,474	6,624	57,954
Online Businesses [Member]	'	'	'	'
Sales revenues, net	646,432	580,755	1,145,872	1,408,728
Cost of goods sold	-191,142	-127,184	-389,806	-263,538
Gross profit/(loss)	455,290	453,571	756,066	1,145,190
Operating expenses:	'	'	'	'
Selling, general and administrative expenses	1,586,833	1,139,035	2,863,965	2,300,356
Provision for inventory obsolescence	-44,158	23,392	105,207	707,079
Royalty expenses	37,339	56,104	80,404	115,156
Total operating expenses	1,580,014	1,218,531	3,049,576	3,122,591
Net operating loss	-1,124,724	-764,960	-2,293,510	-1,977,401
Other income/(loss)	73,760	234,056	206,342	304,751
Allocated income tax benefit/expense	8,733	-13,138	8,733	-13,138
Income/(loss) after income tax	-1,042,231	-544,042	-2,078,435	-1,685,788
Total long-lived assets	107,659	241,041	107,659	241,041
Additions to long-lived assets	1,517	16,484	1,517	45,691
Transportation Businesses [Member]	'	'	'	'
Sales revenues, net	0	0	0	0
Cost of goods sold	-117,848	-248,516	-235,096	-503,078
Gross profit/(loss)	-117,848	-248,516	-235,096	-503,078
Operating expenses:	'	'	'	'
Selling, general and administrative expenses	171,500	171,801	295,944	380,110
Provision for inventory obsolescence	0	0	0	0
Royalty expenses	0	0	0	0
Total operating expenses	171,500	171,801	295,944	380,110
Net operating loss	-289,348	-420,317	-531,040	-883,188
Other income/(loss)	-684	583,319	124,370	495,656
Allocated income tax benefit/expense	0	0	0	0
Income/(loss) after income tax	-290,032	163,002	-406,670	-387,532
Total long-lived assets	1,074,530	5,828,367	1,074,530	5,828,367
Additions to long-lived assets	1	-10	5,107	6,099
Beverage Business [Member]	'	'	'	'
Sales revenues, net	1,252	0	7,834	0
Cost of goods sold	-1,169	0	-3,762	0
Gross profit/(loss)	83	0	4,072	0
Operating expenses:	'	'	'	'
Selling, general and administrative expenses	83,675	87,553	176,570	164,851
Provision for inventory obsolescence	0	0	0	0
Royalty expenses	0	0	0	0
Total operating expenses	83,675	87,553	176,570	164,851
Net operating loss	-83,592	-87,553	-172,498	-164,851
Other income/(loss)	1	-848	2	768
Allocated income tax benefit/expense	0	0	0	0
Income/(loss) after income tax	-83,591	-88,401	-172,496	-164,083
Total long-lived assets	1,128,555	1,239,209	1,128,555	1,239,209
Additions to long-lived assets	$0	$0	$0	$6,164

LITIGATION_Details_Textual

LITIGATION (Details Textual)

1 Months Ended

12 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

Mar. 22, 2012

Aug. 18, 2010

Oct. 25, 2008

Dec. 31, 2010

Dec. 31, 2010

Nov. 18, 2007

Aug. 20, 2009

Jul. 09, 2009

Jul. 09, 2009

Sep. 30, 2013

Dec. 31, 2009

Dec. 31, 2009

Sep. 30, 2013

Sep. 30, 2013

Oct. 25, 2008

CNY

USD ($)

USD ($)

USD ($)

CNY

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Unpaid Services and Out Of Pocket Expenses [Member]

Water Manufacturing Plant [Member]

Water Manufacturing Plant [Member]

Excalibur International Marine Corporation [Member]

Excalibur International Marine Corporation [Member]

Excalibur International Marine Corporation [Member]

USD ($)

USD ($)

TWD

USD ($)

CNY

USD ($)

EUR (€)

Equity Method Investment, Ownership Percentage

'

'

'

'

'

87.34%

'

'

'

'

'

'

'

'

48.81%

Unpaid Purchase Obligation

'

'

'

'

'

'

'

'

'

'

'

'

$2,631,579

€ 2,000,000

'

Loss Contingency, Name of Plaintiff

'

'

'

'

'

'

'Marinteknik Shipbuilders (S) Pte Ltd

'

'

'

'

'

'

'

'

Loss Contingency, Name of Defendant

'

'

'

'

'

'

'

'

'

'Excalibur

'

'

'

'

'

Loss Contingency, Damages Sought, Value

'

2,600,000

'

19,000,000

'

'

'

270,000

8,050,832

'

'

'

'

'

'

Loss Contingency, Damages Paid, Value

'

'

'

'

'

'

193,992

'

'

'

'

'

'

'

'

Manufacturing Costs

'

'

'

'

'

'

'

'

'

'

755,000

4,758,600

'

'

'

Payment of Final Construction

'

'

'

110,000

698,896

'

'

'

'

'

'

'

'

'

'

Purported Outstanding Payments

1,912,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Equity Method Investments

'

'

$19,193,000

'

'

'

'

'

'

'

'

'

'

'

'